• FFG: $70.70

Income Statement

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Revenues

Interest sensitive product charges 111,575 109,770 114,584 111,928 86,661
Traditional life insurance premiums 180,944 183,300 190,956 196,914 145,783
Net investment income 370,651 382,082 391,149 404,170 307,852
Net realized capital gains (losses) on sales of investments 15,967 3,760 11,062 3,106 599
Total other-than-temporary impairment losses (6,662) (822) (719) (7,320) (133)
Non-credit portion in other comprehensive income 4,250 0 146 2,451 0
Net impairment losses recognized in earnings (2,412) (822) (573) (4,869) (133)
Other income 14,506 14,849 15,631 15,165 11,711
Total revenues 691,231 692,939 722,809 726,414 552,473

Benefits and expenses

Interest sensitive product benefits 203,599 211,540 217,443 238,586 188,217
Traditional life insurance benefits 160,471 162,876 176,145 177,682 128,197
Policyholder dividends 13,319 12,012 11,828 10,574 7,597
Underwriting, acquisition and insurance expenses 138,260 138,258 143,668 135,967 98,229
Interest expense 6,863 4,707 4,850 4,850 3,638
Other expenses 18,414 16,445 17,507 16,966 13,862
Total benefits and expenses 540,926 545,838 571,441 584,625 439,740
Total 150,305 147,101 151,368 141,789 112,733
Income taxes (49,322) (47,335) (47,418) (46,010) (35,844)
Equity income, net of related income taxes 7,410 10,103 9,523 11,440 8,959
Net income 108,393 109,869 113,473 107,219 85,848
Net loss (income) attributable to noncontrolling interest 165 72 54 4 (20)
Net income attributable to FBL Financial Group, Inc. 108,558 109,941 113,527 107,223 85,828
Earnings per common share 4.25 4.42 4.55 4.29 3.42
Earnings per common share - assuming dilution 4.21 4.39 4.53 4.28 3.42
Cash dividend per common share 0.52 1.40 1.60 1.68 1.32
Special cash dividend per common share 2.00 0 2.00 2.00 1.50

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 108,393 109,869 113,473 107,219 85,848

Other comprehensive income

Change in net unrealized investment gains/losses (169,894) 142,121 (146,579) 38,077 73,751
Non-credit impairment losses (2,690) 0 (90) (1,476) 0
Change in underfunded status of postretirement benefit plans 1,798 (2,778) 2,791 (1,578) 563
Total other comprehensive income, net of tax (170,786) 139,343 (143,878) 35,023 74,314
Total comprehensive income, net of tax (62,393) 249,212 (30,405) 142,242 160,162
Comprehensive income attributable to noncontrolling interest 165 72 54 4 (20)
Total comprehensive income applicable to FBL Financial Group, Inc. (62,228) 249,284 (30,351) 142,246 160,142
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.